Redcentric PLC (RCN) Insider Steve Vaughan Buys 20,000 Shares

Redcentric PLC (LON:RCN) insider Steve Vaughan purchased 20,000 shares of the firm’s stock in a transaction dated Friday, June 30th. The stock was bought at an average cost of GBX 82 ($1.07) per share, for a total transaction of £16,400 ($21,365.29).

Redcentric PLC (LON:RCN) traded up 1.91% during midday trading on Friday, hitting GBX 80.00. 241,126 shares of the stock traded hands. The company’s market cap is GBX 119.09 million. The firm’s 50-day moving average is GBX 79.47 and its 200-day moving average is GBX 86.52. Redcentric PLC has a 52-week low of GBX 40.00 and a 52-week high of GBX 190.00.

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A number of equities research analysts have recently issued reports on the stock. FinnCap reaffirmed a “corporate” rating and issued a GBX 117 ($1.52) price objective on shares of Redcentric PLC in a research note on Thursday, June 29th. Numis Securities Ltd cut their price objective on shares of Redcentric PLC from GBX 93 ($1.21) to GBX 87 ($1.13) and set a “hold” rating for the company in a research note on Thursday, June 29th. Finally, N+1 Singer reaffirmed an “under review” rating on shares of Redcentric PLC in a research note on Thursday, June 29th.

Redcentric PLC Company Profile

Redcentric plc is a holding company. The Company is engaged in supply of information technology (IT) managed services. The Company’s segments include Recurring, Services, Product and Central. The Company’s Recurring segment is engaged in the provision of its services to customers under long-term agreements, including data, connectivity, hosting, cloud, and support services.

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